Wind Energy System Corporate Tax Credit

This income tax credit allows individuals and corporations a credit of 20% of the cost of equipment and installation of a residential or non-residential wind energy system. The credit is to be applied in the year in which the system is purchased and placed into use, and there is no limit to the total amount of the credit. Tax credits that exceed the taxpayer’s income tax liability may be used as credit against the taxpayer’s income tax liability in subsequent years until exhausted.